Derive revenue recognition accounting date based on DFF value
Summary:
Derive revenue recognition accounting date based on DFF value
Content (please ensure you mask any confidential information):
We import invoice from 3rd party system and populate following descriptive 2 flexfields at AR Invoice Transaction
License Issue Date
License Effective Date
As part of transaction import - License Issue Date is imported as 20-Sep-2023
As part of transaction import - License Effective Date is imported as 30-Sep-2023
Transaction is imported with Invoice Rule = In Advance and start date in Revenue Scheduling start date is imported as 15-Sep-2023
As per business requirement, we need to recognize revenue recognition with accounting date that is later of License Issue Date or License Effective Date